China watchers have been combing through the details of the new initiatives and proposals Xi has recently introduced, such as “One Belt, One Road” (1B1R) and the Asian Infrastructure Investment Bank (AIIB). Even though these new initiatives are still under construction, the fact is that this has been the biggest foreign policy shift in Beijing since 1989. The bigger question here is, what is the grand strategy behind Xi’s plans?

Japan is stepping up a campaign to promote a “correct understanding” of its wartime past, in a move that may anger China and South Korea ahead of the 70th anniversary of the end of World War II in August. 

The BBC warned the UK government in its Future of News report that it might soon be unable to compete with state-supported foreign rivals, including Russia’s RT, China's CCTV and Qatar's Al-Jazeera, in terms of global news presence, if its huge budget cuts are not reversed.

China has dramatically scaled up its global loan book over the past five years by dealing with countries largely ignored by Western lenders, whether for political reasons (Russia) or economic (Argentina). 

In the Japanese government’s new budget, one small item stands out: a $5 million grant to Columbia University in New York to fund a position for a professor of Japanese politics and foreign policy.

The new Sri Lankan government will find that it has its work cut out just containing Chinese influence in the country, let alone fulfilling the Indian dream of eliminating it altogether. The growth of Chinese influence in Sri Lanka may slow, but Beijing is in the region for the long haul.

China is often portrayed as a giant in the hard-power leagues of the economy, technology and the military. But when it comes to the country's soft power, China watchers have little optimism. As some analysts have pointed out that soft power is all in the mind, think tanks are important as a deliverer of soft power as they convey ideas.

This month’s summit, held in Beijing, certainly moved the bloc further in that direction. Chinese President Xi Jinping pledged to double Chinese trade with the Celac countries over the coming decade and to invest $250 billion across the region. Ecuador’s Rafael Correa left the summit with more than $7 billion in new Chinese aid and credit, while Venezuelan President Nicolás Maduro received much-needed pledges of investment from China’s state-run Bank of China and China Development Bank.